Ecuador

Distributed or retained branch profits are taxed at a rate between 22% and 28% (see the Taxes on corporate income section). Further taxes are payable when profits are remitted to headquarters abroad. 

Countries and territories considered as tax havens by tax authorities

Besides the tax haven list published by the tax authorities shown below, ‘low-tax jurisdictions’ shall be subject to the same tax treatment. ‘Low-tax jurisdictions’ are defined as a territory where the effective rate of income tax or taxes of an identical or similar nature is less than 60% of the applicable rate in Ecuador. Additional considerations are also taken by the tax authorities for determination of low-tax jurisdictions/preferential tax regimes based on the Tax Law.

Certain tax regimes from Bulgaria, Estonia, Ireland, Macedonia, Montenegro, Serbia, and in the United States are not automatically considered as tax havens or preferential tax regimes but might be evaluated under the conditions established in the Law.